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05-17-2009, 04:35 PM
| | Damn Bunch Of Mess | | Join Date: Jul 2008 Location: Midwest
Posts: 253
| |  Will Estes and Fedex buy what is left of YRC
With all the speculation that ABF will buy USF, is it possible that after Mr. Zollars gets the government into the freight business. I mean by his intentional breaking of the union. After the taxpayers are responsible for the retirees pension plan payments is there a need for YRC to even exist? Mr.Z can take his cash and retire in comfort. And Fedex and Estes can carve up what is left. Both have enough credit to do so. ABF will do fine with USF. Estes already owns some YRC property, and Fedex would love to say they cleaned up the mess for 15- 30 cents on the dollar. Something to ponder.
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05-17-2009, 04:50 PM
| | Veteran | | Join Date: Dec 2008 Location: IL.
Posts: 119
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WOW, never thought of that, but I do have one question.
Do you really think FED-EX would buy up union companys? They are the biggest ANTI union corp.
Not saying this because I work for UPS, but I think they (UPS) would do that before FED-EX would....
MR. Z can't just get rid of the union, the rank and file have to vote it out, and I don't see that happening....
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05-25-2009, 09:20 PM
| | Veteran | | Join Date: Mar 2009
Posts: 105
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It's not so much of buy them up its just the fact of getting there customers and loads. that is what will happen. If fedex needs to hire drivers they will do so. no big deal not everybody wants to be a union member.
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05-26-2009, 07:48 AM
| | # 1 Devil's Advocate | | Join Date: May 2007 Location: twixt here & there
Posts: 3,304
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Quote:
Originally Posted by loopy105  WOW, never thought of that, but I do have one question.
Do you really think FED-EX would buy up union companys? They are the biggest ANTI union corp.
Not saying this because I work for UPS, but I think they (UPS) would do that before FED-EX would....
MR. Z can't just get rid of the union, the rank and file have to vote it out, and I don't see that happening.... | i'm not sure of how the union rules are, but if a business is sold out, then opens up in another state(?), the union is powerless to do anything. problem here though, YRC is in (just about) every state, so this might be impossible..? then too, under NEW ownership, i don't believe ANY new owner is obligated to have the union, since the bought up company would be under the new owner's name............it might be a case of "void", and "nullified" under new ownership........but unions guys very familiar with this can chime in.
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05-26-2009, 10:23 PM
| | Seasoned Veteran | | Join Date: Mar 2008 Location: ohio
Posts: 2,571
| |  Here is a thought
Since Union Pension Funds invest in various Companies such as Fed Ex, would Fed Ex, (if they bought out YRC) try to squash one of their Shareholders, (the unions)? How would this affect Fed Ex stock? Good question, huh?  |
05-29-2009, 04:09 AM
| | Seasoned Veteran | | Join Date: May 2006 Location: State of De-Nile.
Posts: 3,629
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Quote:
Originally Posted by loopy105 WOW, never thought of that, but I do have one question.
Do you really think FED-EX would buy up union companys? They are the biggest ANTI union corp.
Not saying this because I work for UPS, but I think they (UPS) would do that before FED-EX would....
MR. Z can't just get rid of the union, the rank and file have to vote it out, and I don't see that happening.... | They got rid of union Corn-Flakes, and non-union Con-Way got the riches.
Never say never.
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